Market Overview:
The global strapping materials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for strapping materials from various end-use industries, such as food & beverage, industrial logistics & warehouse, corrugated cardboard & paper, newspaper & graphics, building & construction and metal. Steel is the most commonly used type of material in strapping applications owing to its high tensile strength and durability. However, polypropylene is witnessing high growth due to its low weight and resistance against corrosion.
Product Definition:
Strapping materials are used to secure and stabilize cargo during shipment. They can be made of metal, plastic, or fiberglass and are often used in combination with bands, wire ties, or clamps. Strapping materials help to ensure that cargo is securely packed and less likely to shift during transport.
Steel:
Steel is a metal and has different forms such as carbon steel, alloy steel, low-alloy steels (laser), high-alloy steels (tensile strength), stainless steel, and others. It's major use in the strapping materials market is for manufacturing of straps or banding which are widely used in packaging industry.
Polypropylene:
Polypropylene is a thermoplastic polymer and it can be recycled and used over & over again. It has high chemical & temperature resistance, excellent mechanical strength, transparency, softness & clarity. Polypropylene (PP) straps are lightweight; they have the ability to carry heavy loads for a long time without breaking or fatigue.
Application Insights:
The food and beverage application segment led the global strapping materials market in 2017. This is attributed to rising demand for packaged foods, beverages and other products from various end-use industries. The growth of the food industry has been phenomenal over the past few years, owing to an increase in per capita disposable income levels across most of developed countries including U.S., Germany, UK, France along with emerging economies such as China and India. As a result, demand for packaging solutions is also expected to grow over the forecast period globally.
Regional Analysis:
Asia Pacific was the largest regional strapping materials market in 2017 and accounted for a revenue share of over 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing industrialization, rising population, and increasing foreign investments coupled with favorable government policies in developing economies such as China and India.
The Asia Pacific economy has been witnessing strong growth since 2010 on account of rapid industrialization along with an upsurge in foreign investments especially from Japan, South Korea, Taiwan Province of China (Taiwan), Hong Kong (China), Singapore (Singapore) among other Southeast Asian countries. These factors are anticipated to propel industry expansion at a healthy CAGR during the forecast period.
Growth Factors:
- Increasing demand from end-use industries: The global Strapping Materials market is witnessing a significant growth due to the increasing demand from end-use industries such as construction, automotive, and packaging.
- Growing popularity of strapping machines: The growing popularity of strapping machines is another key factor driving the growth of the Strapping Materials market. These machines are used for efficient and faster application of straps around products or packages, which helps in reducing labor costs and improving productivity.
- Rising concerns over product safety: With an increase in product recalls and safety concerns, manufacturers are increasingly usingstraps to secure products during transit or storage, thereby propelling the growth of the Strapping Materials market.
- Technological advancements: Ongoing technological advancements in strap materials are helping manufacturers offer better quality straps that can withstand high pressure and temperature fluctuations without any damage to the products being strapped. This is further propellingthegrowthofStrappingMaterialsmarketin various regions across the globe.. 5 Emerging economies offer lucrative opportunities: A number of emerging economies such as China, India, Brazil, Mexico etc., offer lucrative opportunities for players operating intheStrappingMaterialsmarketdue to their booming industrial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Strapping Materials Market Research Report
By Type
Steel, Polypropylene, Polyester
By Application
Food & Beverage, Industrial Logistics & Warehouse, Corrugated Cardboard & Paper, Newspaper & Graphics, Building & Construction, Metal
By Companies
3M Company, Mosca GmbH, Cyklop International, Strapack, Inc, Polychem Corporation, Signode Packaging Systems Corporation, Dynaric, Inc, Unipack, Panorama Packaging Pvt. Ltd., Plastofine Industries, Signode Packaging Systems Corporation, Signor Polymers Pvt. Ltd., Titan Umreifungstechnik GmbH & Co. KG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Strapping Materials Market Report Segments:
The global Strapping Materials market is segmented on the basis of:
Types
Steel, Polypropylene, Polyester
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Industrial Logistics & Warehouse, Corrugated Cardboard & Paper, Newspaper & Graphics, Building & Construction, Metal
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M Company
- Mosca GmbH
- Cyklop International
- Strapack, Inc
- Polychem Corporation
- Signode Packaging Systems Corporation
- Dynaric, Inc
- Unipack
- Panorama Packaging Pvt. Ltd.
- Plastofine Industries
- Signode Packaging Systems Corporation
- Signor Polymers Pvt. Ltd.
- Titan Umreifungstechnik GmbH & Co. KG
Highlights of The Strapping Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel
- Polypropylene
- Polyester
- By Application:
- Food & Beverage
- Industrial Logistics & Warehouse
- Corrugated Cardboard & Paper
- Newspaper & Graphics
- Building & Construction
- Metal
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Strapping Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Strapping materials are a type of binding agent that is used to secure objects together. Strapping materials can be made from a variety of different substances, including rubber, plastic, and metal. They are often used in construction and engineering applications, such as to hold panels together during manufacturing or installation.
Some of the key players operating in the strapping materials market are 3M Company, Mosca GmbH, Cyklop International, Strapack, Inc, Polychem Corporation, Signode Packaging Systems Corporation, Dynaric, Inc, Unipack, Panorama Packaging Pvt. Ltd., Plastofine Industries, Signode Packaging Systems Corporation, Signor Polymers Pvt. Ltd., Titan Umreifungstechnik GmbH & Co. KG.
The strapping materials market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Strapping Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Strapping Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Strapping Materials Market - Supply Chain
4.5. Global Strapping Materials Market Forecast
4.5.1. Strapping Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Strapping Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Strapping Materials Market Absolute $ Opportunity
5. Global Strapping Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Strapping Materials Market Size and Volume Forecast by Type
5.3.1. Steel
5.3.2. Polypropylene
5.3.3. Polyester
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Strapping Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Strapping Materials Market Size and Volume Forecast by Application
6.3.1. Food & Beverage
6.3.2. Industrial Logistics & Warehouse
6.3.3. Corrugated Cardboard & Paper
6.3.4. Newspaper & Graphics
6.3.5. Building & Construction
6.3.6. Metal
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Strapping Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Strapping Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Strapping Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Strapping Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Strapping Materials Demand Share Forecast, 2019-2026
9. North America Strapping Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Strapping Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Strapping Materials Market Size and Volume Forecast by Application
9.4.1. Food & Beverage
9.4.2. Industrial Logistics & Warehouse
9.4.3. Corrugated Cardboard & Paper
9.4.4. Newspaper & Graphics
9.4.5. Building & Construction
9.4.6. Metal
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Strapping Materials Market Size and Volume Forecast by Type
9.7.1. Steel
9.7.2. Polypropylene
9.7.3. Polyester
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Strapping Materials Demand Share Forecast, 2019-2026
10. Latin America Strapping Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Strapping Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Strapping Materials Market Size and Volume Forecast by Application
10.4.1. Food & Beverage
10.4.2. Industrial Logistics & Warehouse
10.4.3. Corrugated Cardboard & Paper
10.4.4. Newspaper & Graphics
10.4.5. Building & Construction
10.4.6. Metal
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Strapping Materials Market Size and Volume Forecast by Type
10.7.1. Steel
10.7.2. Polypropylene
10.7.3. Polyester
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Strapping Materials Demand Share Forecast, 2019-2026
11. Europe Strapping Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Strapping Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Strapping Materials Market Size and Volume Forecast by Application
11.4.1. Food & Beverage
11.4.2. Industrial Logistics & Warehouse
11.4.3. Corrugated Cardboard & Paper
11.4.4. Newspaper & Graphics
11.4.5. Building & Construction
11.4.6. Metal
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Strapping Materials Market Size and Volume Forecast by Type
11.7.1. Steel
11.7.2. Polypropylene
11.7.3. Polyester
11.8. Basis Point Share (BPS Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Strapping Materials Demand Share, 2019-2026
12. Asia Pacific Strapping Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Strapping Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Strapping Materials Market Size and Volume Forecast by Application
12.4.1. Food & Beverage
12.4.2. Industrial Logistics & Warehouse
12.4.3. Corrugated Cardboard & Paper
12.4.4. Newspaper & Graphics
12.4.5. Building & Construction
12.4.6. Metal
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Strapping Materials Market Size and Volume Forecast by Type
12.7.1. Steel
12.7.2. Polypropylene
12.7.3. Polyester
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Strapping Materials Demand Share, 2019-2026
13. Middle East & Africa Strapping Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Strapping Materials Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Strapping Materials Market Size and Volume Forecast by Application
13.4.1. Food & Beverage
13.4.2. Industrial Logistics & Warehouse
13.4.3. Corrugated Cardboard & Paper
13.4.4. Newspaper & Graphics
13.4.5. Building & Construction
13.4.6. Metal
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Strapping Materials Market Size and Volume Forecast by Type
13.7.1. Steel
13.7.2. Polypropylene
13.7.3. Polyester
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Strapping Materials Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Strapping Materials Market: Market Share Analysis
14.2. Strapping Materials Distributors and Customers
14.3. Strapping Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mosca GmbH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cyklop International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Strapack, Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Polychem Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Signode Packaging Systems Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dynaric, Inc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Unipack
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Panorama Packaging Pvt. Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Plastofine Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Signode Packaging Systems Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Signor Polymers Pvt. Ltd.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Titan Umreifungstechnik GmbH & Co. KG
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook